FTSE 100 Shares Spread Betting: Randgold Rallies After Weathering Mali Coup
In mid-morning trade the FTSE 100 is practically unchanged, as an early rally prompted by Chinese data fades.
Even a raft of Chinese data seems to be unable to provoke much of a reaction in markets at present.
After several days of quiet, traders had plenty of economic news from the world’s second-largest economy to digest.
Industrial production was weaker, while consumer price growth slowed, giving Beijing more room to boost stimulus to help revive the flagging economy.
Normally, the prospect of stimulus in China gets FTSE 100 shares fairly excited, but today the reaction has been more muted.
In corporate news, Randgold Resources is on the up after its results showed the company had successfully weathered the problems caused by a coup in Mali last year.
In contrast, Aviva fell back after operating profit dropped by 10%.
Weekly jobless claims and US trade balance data for June are on the agenda for the day, but it looks like another quiet afternoon ahead.
Futures point to small gains for US markets on opening, with the Dow up 17 points at 13,140 and the S&P 500 starting 0.2 points higher at 1398.
Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
Financial Market Comments from Chris Beauchamp, Market Analyst, IG Index.
The above comments do not constitute investment advice and Clean Financial accepts no responsibility for any use that may be made of them.
Content provided by IG Index which is Authorised and regulated by the Financial Services Authority. FSA Register number 114059.
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